S&P/Case-Shiller Home Prices Indices November 29, 2011

{ Posted on 11:03 AM by JR Erickson }
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New York, November 29, 2011 – Data through September 2011, released today by S&P Indices for its

S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that nationally

home prices did not register a significant change in the third quarter of 2011, with the U.S. National

Home Price Index up by only 0.1% from its second quarter level. The national index posted an annual

decline of 3.9%, an improvement over the 5.8% decline posted in the second quarter. Nationally, home

prices are back to their first quarter of 2003 levels.

As of September 2011, the annual rate of change in 14 of the 20 MSAs and both Composites, covered by

S&P/Case-Shiller Home Price Indices, improved versus August. Atlanta, Las Vegas, Los Angeles, San

Francisco, Seattle and Tampa recorded lower annual declines in September compared to August. Detroit

and Washington DC were the only two MSAs to post positive annual rates of +3.7% and +1.0%

respectively. Detroit has now recorded three consecutive months of positive annual rates.

Posted via email from Blackstead Building Company

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